Rattan and Bharati Khosa Foundation
Rattan and Bharati Khosa Foundation is a private foundation, based in Oak Brook, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 3 grants totaling $300K. Net investment income was $429K.
Rattan and Bharati Khosa Foundation at a glance
In short: Rattan and Bharati Khosa Foundation gave $300K across 3 grants in 2024 (avg $100K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $300,000
- -4.8% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $100,000
- -4.8% vs 2023
- Median grant
- $40,000
- Total assets
- $4,430,464
- +118.2% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Rattan and Bharati Khosa Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was University of Chicago ($250K). Together the top 3 received $300K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 8 grants of 13 (62%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Rattan and Bharati Khosa Foundation gives
- Giving grew 43% from 2021 to 2024. Method
- In 2024 it paid out 146% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $150K (2019) to $335K (2022). In 2024 it made 3 grants totaling $300K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Chicago Chicago, IL | Grant to Support Neurovascular Research | $250,000 |
| Indo America Center Chicago, IL | General operating grant to provide services to south asian immigrants | $40,000 |
| Rush Medical Center Chicago, IL | Grant to support the wellness center fund and medical research | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,430,464 | $2,712,899 | $313,033 | $300,000 | 3 | $306,313 | $429,205 | $210,122 |
| 2023 | $2,030,598 | $1,319,994 | $338,377 | $315,000 | 3 | $326,378 | $35,332 | $58,005 |
| 2022 | $1,048,981 | $539,633 | $342,095 | $335,000 | 2 | $340,379 | $20,219 | $41,919 |
| 2021 | $851,443 | $44,296 | $216,481 | $210,000 | 2 | $213,146 | $26,804 | $53,230 |
| 2020 | $1,023,628 | $617,493 | $152,322 | $150,000 | 3 | — | $16,318 | $28,967 |
| 2019 | $558,457 | $372,841 | $164,577 | $150,000 | 3 | — | $276 | $20,755 |
Under IRS private-foundation payout rules, Rattan and Bharati Khosa Foundation reported a distributable amount of $210K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Rattan and Bharati Khosa Foundation is led by Rattan Khosa, President on every filing since 2019; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rattan Khosa
President
On filings since 2019
0.1 hrs/week
No compensation reported
Neel Khosa
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Bharati Khosa
Secretary
On filings since 2019
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Rattan and Bharati Khosa Foundation
How much does Rattan and Bharati Khosa Foundation give each year?
Rattan and Bharati Khosa Foundation gave $300K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $315K across 3 grants.
What is Rattan and Bharati Khosa Foundation's typical grant size?
Rattan and Bharati Khosa Foundation's median grant in 2024 was $40,000, and its average grant was $100,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does Rattan and Bharati Khosa Foundation give grants?
Rattan and Bharati Khosa Foundation gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (3 grants).
Does Rattan and Bharati Khosa Foundation give general operating support?
Yes: 33% of Rattan and Bharati Khosa Foundation's 2024 grants with a stated purpose (1 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Rattan and Bharati Khosa Foundation?
Rattan and Bharati Khosa Foundation reported $4.4M in total assets on its 2024 IRS Form 990-PF. It paid out $306K in qualifying distributions that year, against a required minimum of $210K (roughly 5% of its investment assets).
What is Rattan and Bharati Khosa Foundation's EIN?
Rattan and Bharati Khosa Foundation's EIN (Employer Identification Number) is 36-3489320. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 31, 2020)
- IRS filings on file for fiscal years 2019–2024
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